ACH Basics Bundle

Recorded on April/May 2017   |   With Rayleen Pirnie

ACH Basics Bundle

With Rayleen Pirnie
  • 3 Videos
  • 6.0 hrs
Course description

This three-part webinar series provides with ACH essentials. Designed specifically for financial institutions, each session builds off the last, a total of 6 hours of training.

Part 1 guides attendees through the life of an ACH transaction, including how ACH credits and debits are processed, and explains who the network participants are. We will also explore the involvement of third parties in the ACH Network, and the risks they present to your bank.

The program will also help attendees understand special codes called Standard Entry Class Codes (SECs) used for transactions in the ACH Network. This webinar will also discuss other laws and regulations that apply and will highlight critical processing requirements that can reduce the bank’s exposure to risk. It will also explore the most common violations for some SECs to help your bank avoid problems.

In addition to course materials, attendees will receive a free Quick Reference Guide for Standard Entry Class Codes.

Part 2 explores ACH authorization requirements, notifications of change (NOCs), written statements of unauthorized debit, and revoked authorizations in the ACH Network from the perspective of how each affects a bank and their customers. We will highlight appropriate ACH Rules, plus applicable laws and regulations. From initial obligations to ongoing requirements, we'll look at each issue from multiple perspectives, ensuring attendees have a holistic view of each process in order to properly manage risk. We will also explore common areas of confusion and situations that can create a Rules violation.

In addition to course materials, attendees will receive a free Notification of Change quick reference guide.

The final part explores ACH pre-notifications, returns and reversals from the perspective of how each affects the RDFI and the ODFI. Some discussions will also include how the actions (or inactions) of an Originator affect the ODFI's liability and responsibility. We will walk through potential pitfalls, risks, and compliance obligations when handling daily situations.

Attendees will have the opportunity to test their new skills against common scenarios, with an emphasis on scenarios that are often handled incorrectly, resulting in non-compliance, increased risk and even preventable loss.

Course Curriculum

ACH Basics, Part 1
ACH Basics, Part 2
ACH Basics, Part 3
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ACH Basics, Part 1 - Slides
ACH Basics, Part 1 - Q and A
ACH Basics, Part 2 - Slides
Notification of Change quick reference guide
ACH Basics, Part 2 - Q and A
ACH Basics, Part 3 - Slides
ACH Basics, NACHA Bulletin
ACH Basics, Part 3 - Q and A
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Rayleen Pirnie
Rayleen Pirnie

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. Her programs help organizations identify and mitigate risk and exposure from multiple disciplines. She is an Accredited ACH Professional (AAP) and a Certified Enterprise Risk Professional (CERP) who has worked with all payment systems for 20 years. Rayleen holds a Bachelor of Science in Criminal Justice Administration.